Press release
Global Professional Cloud Services Market to Reach $82.76 Billion by 2029, Growing at 20% CAGR
Project Portfolio Management Market Share
The growing emphasis on digital transformation strategies is predicted to stimulate the professional cloud services market's expansion. Digital transformation, the process of utilizing digital technologies to invent new or modify existing business procedures, is accelerating dramatically. Professional cloud services providers play a critical role in this, offering strategic direction and tech planning support to aid businesses in achieving their digital transformation objectives. This, in turn, fuels the growth of professional cloud services. For example, the Ministry of Electronics and Information Technology, a government agency based in India, reported 8,840 crore ($1.052 billion) digital payment transactions in the fiscal year 2021-22, up from 5,554 crore ($660.91 million) transactions the previous fiscal year. Hence, the growing emphasis on digital transformation strategies is promoting the expansion of the professional cloud services market.
Get Your Professional Cloud Services Market Report Here:
https://www.thebusinessresearchcompany.com/report/professional-cloud-services-global-market-report
What is the projected compound annual growth rate (CAGR) of the professional cloud services market from 2025 to 2034, and what factors influence it?
The growth of the professional cloud services market has been swift and noticeable in the past few years. The market size, which was at $33.84 billion in 2024, is projected to increase to $39.36 billion in 2025, experiencing a compound annual growth rate (CAGR) of 16.3%. The significant growth in the historic period is a result of initiatives in digital transformation, focus on cost efficiency, the globalization of businesses, increased data volumes, along with an emphasis on business continuity and a rise in remote workforces.
The market size of professional cloud services is predicted to experience a considerable surge in the forthcoming years, attaining $82.76 billion by 2029 with a CAGR of 20.4%. This growth during the anticipated period is linked to the broadening of edge computing, industry-tailored solutions, emphasis on sustainability, improved data governance and privacy, and an uptick in the utilization of containers and microservices. Key trends for this period include hybrid and multi-cloud setups, cloud migration and modernization, managed cloud services, focus on cloud security, edge and fog computing, serverless computing, containers and Kubernetes orchestration, along with explorations in quantum computing.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8035&type=smp
How are the latest trends influencing the growth of the professional cloud services market?
Innovative developments in professional cloud services are an emerging trend that is becoming increasingly popular in the field of professional cloud services. The primary companies involved in this market are concentrating on providing novel services like new leads and proposals, solutions, and a unified cloud service. Take for example, Lenovo, a global technology company based in China, which in December 2023 unveiled new hybrid cloud platforms and services for enhancing artificial intelligence (AI) competencies. Their new offerings, ThinkAgile hyperconverged solutions and ThinkSystem servers, are equipped with the most recent Intel Xeon Scalable Processors. The main purpose of these platforms is to boost performance, streamline IT infrastructure, and cut down on power consumption, thereby making the AI integration procedure easier for businesses.
What are the major segments of the professional cloud services market and their role in driving growth?
The professional cloud services market covered in this report is segmented -
1) By Service Type: Consulting, Application Development And Modernization, Implementation And Migration, Integration And Optimization
2) By Service Model: Platform As A Service (PaaS), Software As A Service (SaaS), Infrastructure As A Service (IaaS)
3) By Deployment Type: Public, Private, Hybrid
4) By Organization Size: Small And Medium-Sized Enterprises (SMEs), Large Enterprises
5) By End-User Industry: Manufacturing, Healthcare, Retail, IT And Telecommunications, Government, Media And Entertainment, BFSI, Other End-User Industries
Subsegments:
1) By Consulting: Cloud Strategy Consulting, Cloud Readiness Assessment, Compliance And Security Consulting
2) By Application Development And Modernization: Custom Application Development, Legacy Application Modernization, Cloud-native Application Development
3) By Implementation And Migration: Cloud Infrastructure Setup, Data Migration Services, Application Migration Services
4) By Integration And Optimization: Cloud Integration Services, Performance Optimization, API Management
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=8035
Which regions are key players in the growth of the professional cloud services market?
North America was the largest region in the professional cloud services market in 2024. Asia-Pacific is expected to be the fastest-growing region in the professional cloud services market report during the forecast period. The regions covered in the professional cloud services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the professional cloud services market?
Major companies operating in the professional cloud services market are Amazon Web Services Inc., Cisco Systems Inc., Oracle Corporation, Microsoft Corporation, accenture* PLC, International Business Machines Corporation (IBM), Deloitte Touche Tohmatsu Limited, Ernst & Young Global Limited, PricewaterhouseCoopers International Limited, Hewlett Packard Enterprise Company, Wipro Limited, Tata Consultancy Services Limited, Capgemini SE, Fujitsu Limited, Nippon Telegraph and Telephone Data Corporation (NTT Data Corporation), Societas Europaea, SAP SE, Infosys Limited, Hindustan Computers Pvt., Cognizant Technology Solutions Corporation, DXC Technology Company, Romexsoft, SourceFuse Technologies Inc., ELEKS Software Engineering and Development Inc., Prakash Software Solutions Pvt. Ltd., Cloudreach Ltd., Cloud Technology Partners Inc., Cloud Sherpas LLC, Cloudnexa Inc., Datapipe Inc.
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=8035&type=smp
What Is Covered In The Professional Cloud Services Global Market Report?
• Market Size Forecast: Examine the professional cloud services market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the professional cloud services market for a structured understanding.
• Key Players Overview: Analyze major players in the professional cloud services market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the professional cloud services market.
• Segment Contributions: Evaluate how different segments drive overall growth in the professional cloud services market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the professional cloud services market.
• Industry Challenges: Identify potential risks and obstacles affecting the professional cloud services market.
• Competitive Landscape: Review strategic developments in the professional cloud services market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Professional Cloud Services Market to Reach $82.76 Billion by 2029, Growing at 20% CAGR here
News-ID: 3889462 • Views: …
More Releases from The Business Research Company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Cloud
Government Service Cloud Market SWOT Analysis by Leading Key Players: Google Clo …
HTF MI just released the Global Government Service Cloud Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2025-2032. The marketization process is being accelerated by the market study's segmentation by important regions. The market is currently expanding its reach.
Major companies profiled in Government Service Cloud Market are:
Amazon Web…
Cloud Model Hosting Platform Market Size, Status, Global Outlook 2025 To 2033 | …
New Jersey, United States: The latest research study by Infinity Business Insights, titled 'Global Cloud Model Hosting Platform Market,' 118 analysis on business strategies adopted by key and emerging industry players. It provides insights into current market developments, trends, technologies, drivers, opportunities, and overall market outlook. Understanding various segments is crucial for identifying the factors that drive market growth. Some of the major companies featured in this report include Amazon Web…
AI Supercomputing Cloud Market to Witness Huge Growth by 2029 | AWS, Oracle, Mic …
The AI Supercomputing Cloud Market a detailed study added to provide most recent insights about critical reports of the Global AI Supercomputing Cloud market. This report provides a detailed overview of key factors in the AI Supercomputing Cloud Market and factors such as driver, limitation, past and current trends, guiding scenarios, and technology development. In addition, AI Supercomputing Cloud Market attractiveness according to country, end-user, and other measures is also…
Open Cloud Services Market Size in 2023 To 2029 | Google Cloud - T-Systems - IBM …
The Open Cloud Services market report includes market-driving factors, major obstacles, and restraining factors impeding market growth. The report assists existing manufacturers and start-ups in developing strategies to combat challenges and capitalize on lucrative opportunities to gain a foothold in the global market. Moreover, the report provides thorough information about prime end-users and annual forecast during an estimated period.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 + 𝐃𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐓𝐎𝐂 ➡️ https://www.reportsnreports.com/contacts/requestsample.aspx?name=6778415
𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐩𝐫𝐨𝐟𝐢𝐥𝐞𝐝…
Mini Program Development Services Market Size in 2023 To 2029 | Tencent Cloud, A …
The Mini Program Development Services market report provides valuable insights for new entrants and stakeholders, offering a comprehensive understanding of market dynamics. It analyzes the competitive landscape and future market scenarios using tools like Porter's five forces and parent/peer market analysis. The report evaluates the product portfolios and services of key market players in detail. It also examines the impact of government regulations during the Covid-19 pandemic and provides market…
Customized Cloud Service Market May See a Big Move | IBM Cloud, Oracle Cloud, Al …
Global Customized Cloud Service Market Growth (Status and Outlook) 2023-2029 is the latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities, and leveraging with strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Global Customized Cloud Service Market. Some of the key players profiled in the study are Google…
